Question: Libya's new government, publicly represented by a revolutionary leader, was recognized by a country that produces most of their own oil and a European country. What is the corporation tax rate in that European country?
Context: Document 1: Muammar Gaddafi: Although theoretically a collegial body operating through consensus building, Gaddafi dominated the RCC, although some of the others attempted to constrain what they saw as his excesses. Gaddafi remained the government's public face, with the identities of the other RCC members only being publicly revealed on 10 January 1970. All young men from (typically rural) working and middle-class backgrounds, none had university degrees; in this way they were distinct from the wealthy, highly educated conservatives who previously governed the country.
Document 2: United States energy independence: In total energy consumption, the U.S. was between 86% and 91% self - sufficient in 2016. In May 2011, the country became a net exporter of refined petroleum products. As of 2014, the United States was the world's third - largest producer of crude oil, after Saudi Arabia and Russia. and second largest exporter of refined products, after Russia.
Document 3: Muammar Gaddafi: After the 1969 coup, representatives of the Four Powers – France, the United Kingdom, the United States and the Soviet Union – were called to meet RCC representatives. The U.K. and U.S. quickly extended diplomatic recognition, hoping to secure the position of their military bases in Libya and fearing further instability. Hoping to ingratiate themselves with Gaddafi, in 1970 the U.S. informed him of at least one planned counter-coup. Such attempts to form a working relationship with the RCC failed; Gaddafi was determined to reassert national sovereignty and expunge what he described as foreign colonial and imperialist influences. His administration insisted that the U.S. and U.K. remove their military bases from Libya, with Gaddafi proclaiming that "the armed forces which rose to express the people's revolution [will not] tolerate living in their shacks while the bases of imperialism exist in Libyan territory." The British left in March and the Americans in June 1970.
Document 4: United Kingdom corporation tax: Originally introduced as a classical tax system, in which companies were subject to tax on their profits and companies' shareholders were also liable to income tax on the dividends that they received, the first major amendment to corporation tax saw it move to a dividend imputation system in 1973, under which an individual receiving a dividend became entitled to an income tax credit representing the corporation tax already paid by the company paying the dividend. The classical system was reintroduced in 1999, with the abolition of advance corporation tax and of repayable dividend tax credits. Another change saw the single main rate of tax split into three. Tax competition between jurisdictions reduced the main corporate tax rate from 28% in 2008 - 2010 to a flat rate of 20% as of April 2015.
Answer: 20%
Reasoning steps: where does most of the oil in the us come from Answer: the U.S.
Whose face was most closely associated with Libya's new government? Answer: Gaddafi
Along with the the U.S. , what major power recognized #2 's government at an early date? Answer: U.K.
what is the rate of corporation tax in U.K. Answer: 20%